Mr. Omar Garcia reports

CANDELARIA ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS

Candelaria Mining Corp. has made changes to its board of directors.

Manuel Gomez has resigned as a director of the company, effective June 30, 2024, as he has reached retirement age and will no longer be able to dedicate time to his professional activities at the company.

Javier Montano has resigned as a director of the company, effective July 15, 2024, due to personal reasons.

Effective July 18, 2024, Luis Chavez and Alejandro Arteaga have been appointed to the company's board of directors.

Mr. Chavez is an attorney at law with over 15 years of international mining experience. He is currently the chief executive officer of H Vesper and has also worked as a corporate lawyer for GCC SAB de CV, a successful cement company in the United States, as well as holding positions within the legal departments of Hard Rock Consulting, Intercontinental Potash Corp. and Dia Bras Exploration Inc. (now Sierra Metals Inc.). Mr. Chavez holds a bachelor of law degree and a master of law degree in natural resources and environmental law and policy.

Mr. Arteaga is a seasoned professional with extensive experience in geological, geophysical, geotechnical, geohydrological and environmental studies. He has significant expertise in drilling deep wells to supply groundwater to rural populations, agricultural and livestock ranches, and industries.

The company wishes to thank Mr. Gomez and Mr. Montano for their valuable contributions and wishes them success in their future endeavours. The company also welcomes Mr. Chavez and Mr. Arteaga to its board of directors.